Professional Ethics

This query is : Resolved

Ashok (Querist)
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20 July 2007 Sir,
I have two queries.

1. Can a CA member, not having COP & do not have intention to do practice, join a Company as a Consultant? if he is given an option by the employer.

2. Can a CA Member, in practice or not, carry on his Insurance Agency? He has taken agency prior to qualification, but as per the Insurance Act, an Agent must continue his Agency atleast for 5 years in order to keep get renewal commission.

Shashi Mohan Jha

Shashi Mohan Jha (Expert)
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23 July 2007 For Q.No.1, i don`t see any difficulty except change of income (income tax point of view)from Salaries to Professional.

For Q.No.2, Please refer ICAI guidlines...It permits members to b eas an Insurance Agent.